I made some bad choices in the past regarding my use of credit cards and have spent the last few years making it better. This includes settling my outstanding balances on the credit cards that I had defaulted on (it’s only fair to pay back what I owe, in some capacity, right?).

Today I received a very pushy call from Creditors Interchange telling me I owed several hundred dollars for a credit card that I payed off through settlement last year. I was calm and checked my paperwork while on the phone and sure enough, I have records of the settlement.

The unpleasant man on the phone informed me that I owed monetary payment on the interest rate (and threw out a 20% rate) that had accrued on the debt. I informed him that I had already settled the debt, but he seemed adamant about what I owe and threatened me on the possibilities of ruining my credit score and kept insisting on bank account/credit card payment information. I refused.

Thoughts?

My impression is that settling a debt effectively closes the door on future amounts that I may owe in the future for the card? In a sense, double jeopardy?

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Home owned by unmarried parties. one party no longer inhabits home or pays mortgage, bought different home independently and is now in foreclosure on that property. Is my home in jeopardy to settle their debts? How do I protect my interest in my home? who do I contact, how do I proceed?

Technorati Tags: debts, foreclosure, jeopardy, mortgage

I filed for Chap 13 in early August. I can no longer afford to live based on the payments that were required because my husband lost his job. I have 1 taken out of my check bi-weekly for the next 5 yrs. I need to stay in it, but now we need this money to live until my husband finds another job. We are in jeopardy of losing our townhome because we can’t come up with the rent because most of my income is going to the Chapter 13. I have kids and right now the load is on me and I have to look out for their best interest. How soon does the creditors come after you for their money, because that would be something else to catch up on. What should I do?
I called my lawyer and he said that since I just filed then the courts may dismiss it because I haven’t been in my case for that long; so I couldn’t get a hardship discharge.

Technorati Tags: best interest, chap, chapter 13, creditors, early august, hardship discharge, jeopardy, job, lawyer, money, townhome

I am going through a debt settlement program. One of my creditors is also the same company that I am financing my vehicle with. Am I putting my vehicle in jeopardy by settling the credit card debt I have with that company?

Technorati Tags: credit card debt, creditors, debt settlement program, jeopardy